ATLANTA-New York-based Teachers Insurance Annuity Association paid $197,835 per unit for the newly constructed six-story, 231-unit property in Buckhead Village, the center of Atlanta's nightlife scene. The property will have 25,100 sf of retail.

BLOOMFIELD HILLS, MI-Taubman Centers decides the time is right to replace floating rate financing on International Plaza in Tampa, FL and Sunvalley in Concord, CA with $327 million in fixed-rate mortgages. The REIT pulls out $6 million for itself in the Sunvalley deal.

ORLANDO-R.J. Twitty handled $368.2 million in income-property. However, Twitty/Orlando president Mark L. Findura says 2003 may be "a question-mark year" for the entire industry.

HOUSTON-A group of California investors, knocking on Gables' door, acquires the 404-unit Gables Champions at 5959 FM 1960 West. Gables gets to record a $7.5-million gain for the sale, says Gables' CEO.